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Thursday, January 13, 2011

Chart of the Day

Today's Chart of the Day is IDCC. Nice bounce off MA(20) today on impressive volume. The stock has had a very bullish volume pattern during the last three months or so.

Following is a 1 minute chart showing the intraday breakout. The breakout was on very good volume and the stock consolidated rather well after that. It has room to run some more. I had posted about this stock on Twitter when it was around 45.50, so hopefully some of you readers got in!

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Welcome to my blog! This blog discusses my experiences with trading. This blog is for entertainment and educational purposes only. The trades and ideas discussed here are my opinions. None of the ideas and opinions shared in this blog are recommendations to buy and sell any stock and you are responsible for your own trades. The author is not an investment advisor.